Case Study

Commercial

Vermont Shopping Center’s Annual Premium Reduced by $15K+

Manchester Center, VT

Shopping Center Saves $15K

Solutions Found:

Insurance Consulting

Flood Expert Survey

Solutions Value: $15,000+

NFE Solution: Consulting; FES

A cold call from National Flood Experts paid off big for a national real estate investment, management, and development company, that wanted to explore ways to reduce or eliminate flood insurance expenses for a shopping center in Manchester City, VT.

NFE provided a comprehensive solution to the Client's challenges. First, NFE initiated a complementary desktop engineering review to identify any potential avenues for cost savings for the property. Based on the initial assessment, NFE identified a potential cost-saving scenario for the policy but needed property-specific data to confirm the solution and recommended conducting a Flood Expert Survey (FES) to gather the needed data.

NFE performed the FES and analyzed the findings, solidifying a consulting scenario to reduce the policy premium significantly by applying engineering data. Leveraging our expertise, NFE prepared the requirement documentation to request the updated endorsement from the insurance carrier. Thanks to NFE's efforts, the carrier confirmed the endorsement change, and the client’s policy was reduced by more than $15,000 per year.

View Other Case Studies

Image of Multifamily property for Multifamily Property Adds $75K in Value

$75K in Added Property Value

Multifamily Property Adds $75K in Value - Texarkana, AR

Learn how National Flood Experts helped a client increase the value of their multifamily property in Texarkana, AR, by $75,500. Through NFE’s comprehensive engineering review, one building was successfully removed from the high-risk flood zone, eliminating the lender mandate for flood insurance and decreasing annual expenses by $4,500+ while also increasing property value.

Image of Multifamily property for Multifamily Property Avoids Flood Insurance Requirements at Closing

$165K in Added Property Value

Multifamily Property Avoids Flood Insurance Requirements at Closing - Shepherdsville, KY

Learn how a multifamily property in Kentucky saved $10,000+ on flood insurance mandates and increased property value by $165,000. NFE's expertise qualified all buildings for a Letter of Map Amendment (LOMA), helping the client avoid unnecessary and hefty flood insurance requirements while facilitating a smooth closing.

Image of Multifamily property for Property Owner in Texarkana Trims Year-Over-Year Flood Insurance Premiums by $10K

$10K Year-Over-Year Savings

Property Owner in Texarkana Trims Year-Over-Year Flood Insurance Premiums by $10K - Texarkana, TX

Discover how NFE helped a property owner in Texarkana, TX, overcome high flood insurance premiums. Through a comprehensive Flood Expert Survey (FES) and expert analysis, NFE successfully obtained a Letter of Map Amendment (LOMA), resulting in a yearly savings of approximately $10,000 and an increased property value of $167,000. Experience our expertise in flood risk management and effective solutions for tangible benefits.